Filing Flows › McEwen (MUX) › Q1 2026 › vs Q1 2025
McEwen (MUX) Q1 2026 vs Q1 2025 (year over year)
McEwen's revenue rose $38.4M (+107%) from $35.7M in Q1 2025 to $74.0M in Q1 2026. Gross margin 42.5% against 28.2% (+14.3 pts).
McEwen, Q1 2026: revenue $74.0M (+107% year over year), operating margin 55.7%, net earnings $33.4M, operating cash flow $12.1M. The chart draws each line against Q1 2025, the increases inside each band.
Margins
| Q1 2026 | Q1 2025 | Change | |
|---|---|---|---|
| Gross margin | 42.5% | 28.2% | +14.3 pts |
| Operating margin | 55.7% | -21.4% | +77.1 pts |
| Net margin | 45.1% | -17.6% | +62.6 pts |
Every line
| Line | Q1 2026 | Q1 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $74.0M | $35.7M | $38.4M | +107% |
| Gross profit | $31.5M | $10.1M | $21.4M | +213% |
| Cost of revenue | $42.6M | $25.6M | $16.9M | +66% |
| Operating profit | $41.2M | −$7.6M | $48.9M | — |
| Pre-tax earnings | $33.2M | −$7.3M | $40.6M | — |
| Other expense, net | $8.0M | −$291K | $8.3M | — |
| Income tax benefit | $174K | $1.1M | −$905K | -84% |
| Net earnings | $33.4M | −$6.3M | $39.6M | — |
| Depreciation & amortization | $7.1M | $6.2M | $906K | +15% |
| Working capital & other | $28.4M | $1.8M | $26.5M | 15× |
| Operating cash flow | $12.1M | −$1.9M | $14.0M | — |
Questions
How much did McEwen's revenue grow year over year in Q1 2026?
McEwen's revenue rose $38.4M (+107%) from $35.7M in Q1 2025 to $74.0M in Q1 2026. Gross margin 42.5% against 28.2% (+14.3 pts).